OKTA

Moving with its cybersecurity peers

• OKTA −1.85% on the last session vs SPY +0.10%: −2.0 pts of stock-specific move.
• Cybersecurity basket -1.8% (-1.9 pts vs SPY; NET -4.0%, CRWD -2.3%, FTNT -1.9%, PANW -1.7%): the stock moved with its peers.
• 1 insider or congressional trade in the past 30 days.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.